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A Geometric Measure for the Violation of Utility Maximization
Heufer, Jan - 2008
function. If a consumer is inconsistent with GARP, we might need a measure for the severity of inconsistency. One widely used …
Persistent link: https://www.econbiz.de/10010271072
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Revealed Preference and Nonparametric Analysis – Continuous Extensions and Recoverability
Heufer, Jan - 2012
This paper shows how revealed preference relations, observed under general budget sets, can be extended using closure operators which impose certain assumptions on preferences. Common extensions are based on the assumption that preferences are convex and/or monotonic, but we also consider...
Persistent link: https://www.econbiz.de/10010287290
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Generating Random Optimising Choices
Heufer, Jan - 2012
Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn … from an approximate uniform distribution on the admissible region on each budget which ensures consistency with GARP, based … it can be used to approximate the power of tests for conditions for which GARP is a necessary but not sufficient …
Persistent link: https://www.econbiz.de/10010287336
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Revealed Preference and Nonparametric Analysis – Continuous Extensions and Recoverability
Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2012
This paper shows how revealed preference relations, observed under general budget sets, can be extended using closure operators which impose certain assumptions on preferences. Common extensions are based on the assumption that preferences are convex and/or monotonic, but we also consider...
Persistent link: https://www.econbiz.de/10010540947
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A Geometric Measure for the Violation of Utility Maximization
Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2008
function. If a consumer is inconsistent with GARP, we might need a measure for the severity of inconsistency. One widely used …
Persistent link: https://www.econbiz.de/10005561984
Cover Image
Generating Random Optimising Choices
Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2012
Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn … from an approximate uniform distribution on the admissible region on each budget which ensures consistency with GARP, based … it can be used to approximate the power of tests for conditions for which GARP is a necessary but not sufficient …
Persistent link: https://www.econbiz.de/10010558559